| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 8 | — | 17.3x | Bottom tier | |
Growth | 79 | 94.4% | 7.1% | Top tier | |
Quality | 26 | -43.9% | 4.5% | Bottom tier | |
Safety | 53 | — | 2.6x | Around median | |
Capital Return | 13 | 0.00% | 0.06% | Bottom tier | |
Momentum | 77 | — | -1.6% | Top tier | |
Sentiment | 69 | 5 | 3 | Top tier |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
BETA Technologies develops electric aircraft, propulsion technologies, components, and charging infrastructure, building its business model on selling these products and services to civilian companies and government and defense entities. Its platform includes the CX300 conventional takeoff and landing aircraft, the A250 vertical takeoff and landing aircraft, and the MV250 hybrid military model unveiled on 2026-07-20. Revenue sources extend to motors, batteries, flight control computers, software licensing, testing services, and chargers, allowing the aircraft technologies themselves to be marketed to customers such as GE Aerospace, Eve, General Dynamics, and Horizon.
In quarter 2 of fiscal year 2026 (ended 2026-06-30), revenue reached $14.7 million, up 145.7% compared with the same quarter of the previous year, while net loss was $148.8 million and diluted loss per share was $0.64. Gross margin was 54.7% and operating margin was -1078.7%, showing that sales growth has yet to reach a scale that covers the spending base. Revenue exceeded the previous guidance range of $8 to $11 million, driven by revenue recognition from the EPFD program with GE Aerospace and charger deliveries to the Florida Department of Transportation; the business mix therefore reflects contributions from technology development and infrastructure alongside the aircraft commercialization effort.
Revenue for the last 12 months through 2026-06-30 was approximately $44.8 million, against a net loss of $858.2 million. According to EL7 data, cash and short-term investments totaled $1.5 billion versus total debt of $184.0 million at the end of quarter 2 of fiscal year 2026, a balance that supports program execution but is offset by substantial cash consumption. On the 2026-08-12 call, management announced that the aircraft order book had reached 1,001 aircraft worth $3.9 billion, split roughly evenly between conventional takeoff and vertical takeoff aircraft; the investment case remains the conversion of this demand into certified production and deliveries and recurring revenue.
Automated analysis for informational purposes only — not investment advice.
Q2 FY2026
Last 12 months to 2026-06-30
When: Quarter 3 of fiscal year 2026
Quarter 3 revenue versus the guidance range of $8 to $12 million
Adjusted loss before interest, taxes, depreciation, and amortization versus the range of $115 to $125 million
When: Fiscal year 2026
Annual revenue versus guidance of $42 to $50 million
Aircraft order book value versus the $4 billion target
The median analyst price target for BETA shares is approximately $33 within a range of $31 to $34 among 3 analysts, a low-confidence indicative estimate reflecting their expectations for growth and commercial execution, and this method tends to be inherently optimistic. The average of $32.67 is close to the median, showing alignment among published targets without resolving certification or cash consumption risks. On 2026-08-13, Citi raised its target to $30 from $25, but this dated revision remains separate from the consensus range of $31 to $34. In data for the period ended 2026-06-30, EL7's valuation pillar, which measures the relative attractiveness of multiples, scored 11 out of 100 within the industry, ranking 137 out of 147, highlighting the difference between analysts' growth expectations and comparisons based on financial metrics.
Figures in the text are as of 2026-10-19; the live price is shown at the top of the page.
BETA sells motors, batteries, flight control computers, and chargers, and provides software licenses, testing services, and aviation engineering services. In quarter 2 of fiscal year 2026 (ended 2026-06-30), revenue reached $14.7 million, with the EPFD program with GE Aerospace and charger deliveries to Florida serving as the main drivers of exceeding revenue guidance. On the 2026-08-12 call, management outlined flight control computer sales and software licensing to Horizon for its X7 aircraft, alongside motors sold to Eve. This model enables revenue from shared technologies while aircraft certification work continues.
Cash and short-term investments totaled $1.5 billion versus total debt of $184.0 million at the end of quarter 2 of fiscal year 2026 (ended 2026-06-30), according to EL7 data. Free cash flow calculated by EL7 (operating cash flow minus capital expenditure) for the last 12 months through 2026-06-30 was approximately -$421.5 million, showing continued cash consumption. On the 2026-08-12 call, management said it was discussing net financing of up to a billion dollars with EXIM to support capital assets, without announcing a specific completion date. The existing balance therefore provides flexibility, but does not eliminate the impact of the pace of spending and expansion financing.
On 2026-08-12, BETA announced FAA acceptance of 100% of the detailed design criteria for CX300, representing progress in defining compliance requirements rather than final type certification. On 2026-07-12, United Therapeutics began eIPP operations using two aircraft to transport a human organ, demonstrating actual use under the program. Management explained that the first mission took place under Part 91 regulations, while it works toward transitioning to Part 135 operations. Thus, eIPP tests operations with customers, while certification remains a separate process necessary for commercial expansion.
BETA unveiled MV250 on 2026-07-20 as a military model combining hybrid propulsion and autonomous capabilities for logistics missions in contested environments. It has a payload of 2,000 pounds and a tactical range of 250 nautical miles, with a cruising speed exceeding 170 knots. It uses technologies shared with civilian aircraft and benefits from a 1.4-megawatt hybrid turbogenerator developed in collaboration with GE Aerospace and the Sikorsky MATRIX system. On the 2026-08-12 call, management described pursuing a rapid prototyping contract, so indications of military interest do not equate to confirmed production revenue.
Revenue rose to $14.7 million in quarter 2 of fiscal year 2026 (ended 2026-06-30), up 145.7% compared with the same quarter of the previous year. However, gross margin was 54.7% and operating margin was -1078.7%, with a net loss of $148.8 million in the same quarter. On 2026-08-12, management raised fiscal year 2026 revenue guidance to $42 to $50 million, alongside an expected adjusted loss before interest, taxes, depreciation, and amortization of $400 to $445 million. These figures mean that sales expansion is occurring alongside funding for certification, development, and manufacturing, and has yet to translate into operating profitability.